Pacific Century - 24 Apr 2025

PACIFIC CENTURY (SGX: P15) using the 1D timeframe, based on the chart dated Thursday, April 24, 2025.

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1. Trend Analysis

• Overall Trend: Uptrend.

• Higher Highs and Higher Lows:

  • Price bottomed around 0.285 in July, began forming higher lows (0.295 → 0.305 → 0.315 → 0.325).

  • Recent highs: 0.345 → 0.405 → 0.415, confirming the uptrend.

• Trend Strength: Accelerating in recent months, especially post-February 2025. The last few bars show strong upward momentum.

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2. Key Price Action Signals

• Strong Bullish Bars:

  • March rally breakout from 0.340 to 0.405 was on large-bodied bullish candles with good follow-through.

  • Recent green bars (mid-April) from 0.370 to 0.415 are wide and bullish, signaling buyers in control.

• Volume Spikes:

  • Large volume seen on March breakout bar — price moved sharply up from ~0.320 to 0.390 with big green bar.

    • Closed near high, indicating strong buyer demand.

  • Another volume surge in mid-April, coinciding with the rally to 0.415.

    • Again, green bar closes near the high = bullish continuation.

• Pin Bars:

  • Notable rejection wicks in early April around 0.370 — demand absorbed selling and led to rally.

• Gap-Up:

  • Minor gap-ups during the April surge — acted as breakout confirmation with follow-through.

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3. Support & Resistance Levels

• Support:

  • 0.370 = strong demand zone (bounce origin).

  • 0.340 and 0.320 = previous resistance turned support.

• Resistance:

  • 0.415 = current level. If broken, new highs possible.

  • No historical resistance beyond this, making it a potential blue-sky breakout.

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4. Breakout & Pullback Analysis

• Breakouts:

  • March and April both had powerful breakouts with large candles + volume.

  • Breakout above 0.405 to 0.415 happening now.

• Pullbacks:

  • Healthy pullbacks to 0.370 and 0.340 during the trend.

  • Each was followed by a strong continuation — classic bull flag patterns.

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5. Market Context & Trading Bias

• Market Condition: Trending (bullish).

• Psychology:

  • Greed is beginning to set in with higher volume + aggressive buying.

  • Minimal fear or indecision — small wicks, strong green closes.

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6. Supply, Demand & Liquidity Zones

• Demand Zones:

  • Strong demand visible at 0.370, confirmed by price rejection and volume spike.

• Liquidity Traps:

  • No major traps visible — breakout bars didn't reverse, they had follow-through.

• Trade Setups:

  • Breakout Play:

    • Entry: On break of 0.415 with volume confirmation.

    • Stop-Loss: Below 0.405 or 0.390 depending on risk.

    • Target: Use Fibonacci extensions (e.g., 1.618 projection), or trailing SL to ride the trend.

  • Pullback Buy:

    • Entry: If price pulls back to 0.405 or 0.390 with rejection wick.

    • Stop: Below 0.370.

    • Reward: Trend continuation above 0.415.

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7. Risk Management Strategy

• Entry (Breakout): Above 0.415 (confirmation on intraday breakout).

• Stop-Loss: Just below 0.405 or more conservative below 0.370.

• Profit Targets:

  • Short-term: 0.435–0.450.

  • Medium-term: 0.480–0.500 if breakout sustains.

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🔍 Final Notes:

• This is a textbook breakout setup.

• Watch for continuation or a fakeout around 0.415 in coming sessions.

• A clean retest of 0.405–0.410 could offer a safer entry with better R:R.

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

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